@Kim Meredith HamptonFor the clawback part of the agreement what are good ways for the seller to feel comfortable with you and that you won’t be a bad manger and lose the contracts because of your service.

Also- I do my own property management and also place my own tenants (I actually like doing this part of the work and I feel comfortable with the people I place.)  

This makes me feel more comfortable possibly moving forward with the student rentals.

Dan:If you are absolutely certain you have a good prospect, save the foundation issue, then spend a few hundred dollars to have a structural engineer and foundation specialist assess the integrity of the structure, formulate a corrective plan and provide a budget cost estimate (add a buffer to these numbers).If it still looks like something profitable, and with which you are comfortable, afterwards then why not proceed.However, if this is your first dance with a structurally compromised structure, be very conservative in your analysis as there could be many "oh ooh" moments above the foundation.

Hey guys, thanks for the recent replies, I hadn't checked this thread in a while but I got some alerts in my email.1) Natalie - it is professionally staged, its designer decorated: couches from Ligne Roset, kitchen is all gaggeneau appliances and boffi cabinets, it really can't get anymore high end.

Such a vehicle is designed to operate from a tax perspective exactly like any other IRA, and simply opens up your investment choices to include things like real estate.  

It would be great if there's a network of people like myself who can serve as backups for each other, similar to when a doctor goes on vacation there's a designated backup doctor in case of emergency. 

We feel comfortable enough to tackle it but we know some buyers are not comfortable with just going with a lawyer and title company.We will do our best to stage it and plan to list on Zillow.

Regardless of that and having a business degree and an emphasis in real estate I felt more comfortable with being in construction.  

time it was listed, there were actual bids happening, but the final bids went well above where I was comfortable.